FRANKFURT Aug 7 (Reuters) - German salt and fertilizer
company K+S AG once again rejected Potash Corp of
Saskatchewan's takeover offer on Friday, saying the
Canadian company's assurances about maintaining jobs and mine
sites in Germany were unreliable.

Saskatoon, Saskatchewan-based Potash Corp sent an
unsolicited letter to K+S's management and supervisory boards,
K+S said in a statement. The letter included a proposal for a
"business combination agreement" based on an unchanged price of
41 euros ($44.82) per share.

The price is too low, and Potash Corp's commitments on
maintaining jobs and keeping mining sites open in Germany are
not enforceable, K+S said.

A Potash Corp representative confirmed the company sent a
"private letter" to K+S's boards, but would not comment further.

Shares of Potash Corp eased in New York and Toronto, while
K+S stock climbed 1.4 percent in Frankfurt.

Potash Corp has been pushing to talk with K+S management
despite the German company's initial rejection last month of the
Canadian company's 7.9 billion-euro ($8.6 billion) bid of 41
euros per share.
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